MA Digital Media and Creative Industries
The MA Digital Media and Creative Industries at Loughborough University aims t...
MSc Entrepreneurship and Innovation Management
London
INTAKE: Jan & Oct
Program Overview
Loughborough University, one of the UK’s leading institutions in higher education, offers the MSc Entrepreneurship and Innovation Management program, designed to develop the next generation of leaders and innovators in the global business landscape. This specialized program equips students with the skills, knowledge, and practical experience necessary to launch successful ventures or drive innovation within existing organizations. With a strong emphasis on creativity, strategic thinking, and entrepreneurial mindset, the MSc Entrepreneurship and Innovation Management program prepares graduates to thrive in a fast-evolving business environment.
Curriculum: The curriculum for the MSc Entrepreneurship and Innovation Management program at Loughborough University is carefully structured to provide students with a solid foundation in both entrepreneurship and innovation management. Core modules cover essential topics such as new venture creation, business strategy, entrepreneurial finance, and managing innovation in organizations. Additionally, the program allows students to explore areas like corporate entrepreneurship, digital transformation, and intellectual property management. The curriculum emphasizes hands-on learning, offering opportunities for students to work on live projects, collaborate with industry professionals, and participate in entrepreneurial activities, ensuring that they are well-prepared for real-world challenges. The program also includes the flexibility to choose elective modules, enabling students to tailor their studies to align with their personal career aspirations.
Research Focus: Loughborough University is renowned for its strong research capabilities, particularly in the fields of entrepreneurship and innovation. The MSc Entrepreneurship and Innovation Management program benefits from the university's research expertise in areas such as entrepreneurial ecosystems, the commercialization of new technologies, business model innovation, and social entrepreneurship. Research at Loughborough focuses on both theoretical and practical aspects of entrepreneurship and innovation, providing students with access to cutting-edge knowledge. The university fosters a research-driven environment where students are encouraged to engage with academic research while simultaneously applying it to solve real-world problems, ensuring that they are well-versed in the latest trends and innovations in the business world.
Industry Engagement: A key strength of the MSc Entrepreneurship and Innovation Management program at Loughborough University is its extensive industry engagement. The program benefits from strong links with industry partners, including startups, global corporations, government organizations, and entrepreneurial networks. Students are exposed to a range of industry-led projects, guest speakers, and networking events that allow them to interact with successful entrepreneurs, investors, and innovation leaders. These industry engagements offer invaluable insights into the current challenges and opportunities in the entrepreneurial landscape, giving students a competitive edge in their careers. Furthermore, Loughborough’s strong connections with innovation hubs and business incubators provide students with opportunities to develop practical skills and gain firsthand experience in entrepreneurship and innovation management.
Global Perspective: The MSc Entrepreneurship and Innovation Management program at Loughborough University is designed with a global perspective, recognizing the international nature of entrepreneurship and innovation. Students are exposed to global business trends, the challenges of starting and growing businesses in different cultural and economic contexts, and the role of entrepreneurship in driving economic development worldwide. The program incorporates case studies and examples from various international markets, allowing students to understand how entrepreneurial ventures operate across different regions. Moreover, Loughborough University’s diverse student body and its global academic partnerships provide students with the opportunity to engage in cross-cultural collaboration, fostering a broader understanding of the global business environment.
Location
London
Score
IELTS 6.5
Tuition Fee
£ 30500
Postgraduate Entry Requirements
Academic Qualifications: Applicants should have successfully completed a bachelor's degree or its equivalent from a recognized institution with a minimum overall score of 75% or equivalent.
English language proficiency:
- IELTS: A minimum overall score of 6.0 or 6.5 with no individual component below 6.0.
- TOEFL: A minimum overall score of 92.
- PTE Academic: A minimum overall score of 67.
- DET Academic: A minimum overall score of 120.
- Some postgraduate programs may have specific subject prerequisites or additional requirements.
Loughborough University offers a range of scholarships for international students to support their education and make studying in the UK more affordable. These scholarships recognize academic excellence, financial need, and the potential for students to contribute to the university community.
International Excellence Awards: These are merit-based scholarships offered to international students applying for undergraduate and postgraduate programs. These awards typically cover part of the tuition fees and are designed to attract outstanding students from around the globe.
Global Scholarships: Loughborough offers various global scholarships based on geographical location, supporting students from specific regions or countries with reduced tuition fees.
Postgraduate Taught Scholarships: These are available for international students applying for postgraduate taught programs at Loughborough University. Scholarships typically range from £2,000 to £4,000, depending on the student’s academic qualifications and the program they are enrolled in.
Loughborough University International Research Scholarships: For international students who wish to pursue a research-based postgraduate program, Loughborough offers research scholarships that cover full tuition fees, along with an annual stipend to assist with living costs.
Loughborough University Elite Sports Scholarships: These are available for students who are competing at an elite level in their sport. The scholarship includes financial support, as well as access to the university's world-class sports facilities, coaching, and training programs.
Country-Specific Scholarships: Loughborough University offers country-specific scholarships for students from particular countries. These scholarships are designed to support students who demonstrate high academic potential and a commitment to contributing to their home country upon graduation.
Loughborough University, one of the UK’s top universities, is widely recognized for its strong emphasis on entrepreneurship and innovation. The MSc Entrepreneurship and Innovation Management program at Loughborough is designed to provide students with the necessary skills, knowledge, and experience to excel in various entrepreneurial and innovation-driven roles across the business landscape. Graduates of the program are equipped with a robust understanding of how to create and manage new ventures, drive innovation within established organizations, and lead transformational business strategies. This research outlines the diverse career options available to MSc Entrepreneurship and Innovation Management graduates from Loughborough University.
Entrepreneur/Start-up Founder: One of the most direct career paths for graduates of the MSc Entrepreneurship and Innovation Management program is to become an entrepreneur or start-up founder. Armed with the skills and knowledge gained throughout the program, graduates can launch their own businesses, create innovative products or services, and navigate the complexities of business development, from financing and business model design to marketing and scaling operations. Loughborough’s focus on practical entrepreneurship and innovation provides graduates with the tools necessary to successfully establish and run their ventures.
Business Development Manager: Graduates of the program can pursue careers as business development managers, where they are responsible for identifying new business opportunities, forming strategic partnerships, and driving company growth. Business development managers focus on expanding the organization’s market presence, generating revenue, and improving overall business performance. In this role, graduates leverage their innovation and strategic thinking skills to help companies develop new business strategies, products, and markets.
Innovation Manager: Innovation managers play a crucial role in driving the development and implementation of new ideas, products, or processes within an organization. MSc Entrepreneurship and Innovation Management graduates can work as innovation managers in various industries, including technology, manufacturing, retail, and healthcare. In this role, they are responsible for overseeing the innovation process, from ideation to execution, ensuring that the company stays competitive and continuously improves its offerings to meet customer needs and market demands.
Product Manager: Graduates of the MSc Entrepreneurship and Innovation Management program may also pursue careers as product managers. Product managers are responsible for the lifecycle of a product, from conception through to launch and beyond. This role involves conducting market research, managing product development teams, creating go-to-market strategies, and ensuring that the product meets customer expectations and business goals. As products are central to business success, this career path is ideal for graduates with a passion for innovation and strategic management.
Corporate Entrepreneur/ Intrapreneur: Intrapreneurs, or corporate entrepreneurs, are employees within an organization who act as entrepreneurs to develop new products, services, or solutions that drive business growth. MSc Entrepreneurship and Innovation Management graduates can work as intrapreneurs in established companies, taking on leadership roles within innovation departments or product development teams. Intrapreneurship allows graduates to apply their entrepreneurial mindset and creativity to drive innovation from within an organization, without the need to start their own business.
Venture Capital Analyst: Venture capital analysts play a vital role in identifying investment opportunities in early-stage businesses or startups. Graduates can pursue a career in venture capital, where they assess the potential of emerging companies, conduct market research, and analyze business models to identify viable investment opportunities. In this role, graduates use their knowledge of business strategy, entrepreneurship, and innovation to support startups and help secure funding for promising new ventures.
Consultant (Innovation and Strategy): Graduates can work as consultants specializing in innovation and strategy, advising companies on how to enhance their innovation processes, develop new products, or enter new markets. Innovation and strategy consultants help organizations improve their overall business performance by providing expert advice and implementing solutions that foster creative thinking and market competitiveness. Loughborough’s emphasis on strategic thinking and real-world applications positions its graduates to excel in consulting roles across various sectors, including technology, manufacturing, and retail.
Social Entrepreneur: For those passionate about making a positive impact in society, social entrepreneurship offers a meaningful career path. Social entrepreneurs develop innovative solutions to address social, environmental, and economic challenges. Loughborough University’s MSc Entrepreneurship and Innovation Management program encourages graduates to consider social entrepreneurship as a way to address global issues while running sustainable businesses. Social entrepreneurs can work in non-profit organizations, social enterprises, or their own socially conscious ventures.
Research and Development (R&D) Manager: Graduates may also work in research and development roles, particularly in industries such as technology, pharmaceuticals, and engineering. As R&D managers, they are responsible for overseeing the development of new products or technologies, managing research teams, and ensuring that innovation processes align with the company’s strategic objectives. Loughborough University’s strong research focus in entrepreneurship and innovation ensures that graduates are equipped with the skills to lead and manage cutting-edge R&D initiatives.
Policy Advisor/ Government Consultant: Graduates with an interest in policy development and government work can pursue roles as policy advisors or consultants specializing in entrepreneurship and innovation. In this role, they may work with governmental bodies, think tanks, or international organizations to develop policies that foster entrepreneurial ecosystems, innovation-driven growth, and economic development. Their insights help shape policies that support new venture creation, technological advancements, and the overall growth of the entrepreneurial landscape.
